The controller has a $180-$day promissory note $($no grace period$)$ for a face value of $$15000$ dated

November, $20$XX$,$ bearing $20\%$ simple interest. He is going to sell the note today $("$today$"$ being

December $14,20$XX$)$ in order to produce cash for Xmas bonuses. He has three alternatives for selling

the note:

A$.$ He has an offer using $15\%$ at simple discountingterms.

B$.$ A second offer quotes $14\%$ bank discountterms.

C$.$ A third will buy the note using compound discount at $14\%,$ compounded monthly with

simple interest used for any fractional periods